MILLENNIUM GROUP INTERNATION (MGIH)
KYG6169A1040 - Common Stock
We assign a technical rating of 6 out of 10 to MGIH. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, MGIH is a bad performer.
When comparing the yearly performance of all stocks, MGIH is a bad performer in the overall market: 67% of all stocks are doing better.
MGIH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MGIH is lagging the market.
Warning: MGIH has an average volume of 22708 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
MGIH is an average performer in the Containers & Packaging industry, it outperforms 45% of 23 stocks in the same industry.
In the last month MGIH has a been trading in the 1.39 - 1.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MGIH has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.26
1.91
When analyzing the support we can see 6 important areas.
- Support @1.57 from a horizontal line in the daily time frame.
- Support @1.48 from a trend line in the weekly time frame.
- Support @1.44 from a horizontal line in the weekly time frame.
- Support @1.40 from a trend line in the daily time frame.
- A support zone ranging from 1.34 to 1.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.27 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @1.73 from a horizontal line in the weekly time frame.
- Resistance @1.86 from a trend line in the daily time frame.
- Resistance @1.89 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.8
Mansfield-0.14
10 Day High1.95
10 Day Low1.47
20 Day High1.95
20 Day Low1.39
52 Week High9.57
52 Week Low0.89
Performance
1 Week-1.25%
2 Weeks-3.66%
1 Month9.72%
3 Month17.91%
6 Month-7.06%
12 Month-18.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)49.54
LBB1.48
UBB1.83
MILLENNIUM GROUP INTERNATION
NASDAQ:MGIH (9/6/2024, 8:28:00 PM)
After market: 1.7172 +0.14 (+8.68%)1.58
-0.01 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg-0.63%
1 Week-1.25%
2 Weeks-3.66%
1 Month9.72%
3 Month17.91%
6 Month-7.06%
12 Month-18.97%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.13
ATR(20)%6.87%
ATR Inc
Range Today0.07
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.95
10 Day Low1.47
20 Day High1.95
20 Day Low1.39
52 Week High9.57
52 Week Low0.89
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume9.30K
Volume Incr-75.33%
Vol(5)9.18K
Vol(50)22.71K